DISCA News | September 2022 - Twilight Golf South Jersey, DISCA CARES Program and MORE!

Newsletter I September 2022

TWILIGHT GOLF

SOUTH JERSEY

Wednesday, September 28, 2022

4PM SHOTGUN START

The Colts Neck Golf Club

REGISTRATION FEE IS $60 for Members

(Includes greens fee, cart rental, driving range, putting green, contests, dinner, and refreshments)

The DISCA CARES Program provides financial support to Contractor members of our association in times of financial crisis. DISCA CARES (Caring Action Relief (in) Emergency Situations) is a financial assistance program to help the employees and families of the DISCA member companies who have experienced a major illness, accident or hardship beyond their insurance and financial capabilities.

READ MORE & APPLY

DISCA News

2023 Slate of Board Member

Nominees Announced

The Nominating Committee is recommending the following individuals for a three-year term effective January 1, 2023:

Joseph Donofrio – Interstate Drywall Corporations

Gerry McCarthy – B.J. McGlone & Co, Inc.

Stephen Lewis – Component Assembly Systems

Members may submit the names of additional nominees to the Executive Director up to 30 days prior to the Annual Meeting of the Membership scheduled for November 3, 2022.

The official ballot containing the final slate of nominees will be distributed prior to the Annual Meeting of the Membership.

Industry News

What a Recession Would Look Like for Construction

Industry experts list eight steps builders can take in order to prepare their businesses for an economic downturn.

Preserve cash, build backlog and target federal contracts in case a recession sinks the U.S. economy. That’s the winning game plan for construction pros during these uncertain economic times, sources told Construction Dive.

Whether a recession is here now or is waiting in the wings, industry experts suggested now is the time for construction companies to start shoring up their businesses, just in case. Here are some of their top tips for getting recession ready.

Unlocking Awareness & Adjusting Your Approach

The Importance of Mental Health as Part of a Broader Health, Wellness & Injury-prevention Plan

There is a stigma attached to mental health in the United States. Misrepresentation in entertainment and the media has created a general misunderstanding, fear and negative perception of those battling mental health issues. As a result, those affected are often afraid to tell even their closest friends and family for fear of being labeled “crazy.”

According to Mental Health America, a national nonprofit, more than 50% of people with mental illness do not receive treatment for their condition (“Adult Data 2022”). Due to fear around how a mental health diagnosis will affect their personal and professional lives, people experiencing issues often delay or avoid seeking professional help. However, that could be changing for the better.

Why Every Contractor Must Have Cash Flow Projection Report

On one hand, cash flow is a simple concept. Money comes into a business, and money goes out. On the other hand, there are good reasons that several different definitions of cash flow exist. What all of those definitions have in common, however, is that they're used to help business owners plan for periods of potential financial stress and make smart budgeting decisions.

Cash flow is a very different measurement of a company's financial health than profit. In fact, confusing one for the other is a common mistake that can cost business owners in the construction industry dearly.

Construction Contracting Basics - Allowances

The term “allowance” is commonly used in construction contracts. But what exactly does it mean? Generally, an allowance is an amount for the cost of items for which a party cannot determine with certainty when a bid or proposal is submitted. This could occur where a project’s finish or level of quality have not been finally selected by the owner, or because of variations expected to occur after bidding. Allowances are used in cost or budget estimates until a more accurate number can be obtained.

Events & Programs